Global Medical REIT (NYSE:GMRE) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Global Medical REIT (NYSE:GMRE – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Several other research firms have also recently weighed in on GMRE. Stifel Nicolaus lowered their price objective on shares of Global Medical REIT from $13.00 to $11.00 in a research report on Thursday, May 4th. B. Riley lowered their target price on Global Medical REIT from $12.00 to $11.00 in a research note on Monday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Global Medical REIT currently has an average rating of “Hold” and an average target price of $13.00.

Global Medical REIT Trading Up 1.9 %

GMRE opened at $8.80 on Thursday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $576.66 million, a PE ratio of 51.76, a PEG ratio of 1.25 and a beta of 1.07. Global Medical REIT has a 1-year low of $7.01 and a 1-year high of $13.39. The firm has a 50-day moving average price of $9.04 and a two-hundred day moving average price of $9.68.

Institutional Investors Weigh In On Global Medical REIT

Several institutional investors have recently modified their holdings of GMRE. Vanguard Group Inc. grew its stake in shares of Global Medical REIT by 0.9% during the third quarter. Vanguard Group Inc. now owns 6,336,216 shares of the company’s stock worth $53,984,000 after purchasing an additional 56,735 shares during the period. BlackRock Inc. grew its stake in shares of Global Medical REIT by 0.3% during the third quarter. BlackRock Inc. now owns 4,752,871 shares of the company’s stock worth $40,493,000 after purchasing an additional 16,270 shares during the period. Prudential Financial Inc. grew its holdings in Global Medical REIT by 0.3% during the first quarter. Prudential Financial Inc. now owns 2,363,472 shares of the company’s stock valued at $38,572,000 after purchasing an additional 8,080 shares during the period. State Street Corp grew its holdings in Global Medical REIT by 3.2% during the first quarter. State Street Corp now owns 1,933,065 shares of the company’s stock valued at $18,010,000 after purchasing an additional 59,720 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Global Medical REIT by 11.6% during the third quarter. Nuveen Asset Management LLC now owns 1,784,342 shares of the company’s stock valued at $15,202,000 after purchasing an additional 185,042 shares during the period. Institutional investors and hedge funds own 65.08% of the company’s stock.

Global Medical REIT Company Profile

(Get Rating)

Global Medical REIT, Inc engages in the acquisition of purpose-built healthcare facilities and the leasing of those properties to healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.